website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast New Zealand Dollar / US Dollar technical chart
Symbol NZDUSD

Download MT4 template file

Trade Setup

#NZDUSD
Total Profit: 248 pip
Closed trade(s): 0 pip Profit
Open trade(s): 248 pip Profit

Trade Setup:
We opened 8 SELL trade(s) @ 0.7155 based on 'Peak' at 2021.04.30 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/N...

Open Profit:
Profit for one trade is 0.7155(open price) - 0.7124(current price) = 31 pip
8 trade(s) still open, therefore total profit for open trade(s) is 31 x 8 = 248 pip

Trading suggestion:

  • We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateJune 12, 2021 - 12:44
Currentrange bound
Forecastresumption of downtrend

Midterm forecast:

  • While the price is below the resistance 0.74650, resumption of downtrend is expected.
  • We make sure when the support at 0.69400 breaks.
  • If the resistance at 0.74650 is broken, the short-term forecast -resumption of downtrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 62 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 0.7315 on 05/18/2021, so more losses to support(s) 0.7100, 0.7005 and minimum to Major Support (0.6940) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 42.

Take Profits:

  1. 0.7100
  2. 0.7005
  3. 0.6940
  4. 0.6775
  5. 0.6615
  6. 0.6385
  7. 0.6240
Click on the level to view price action history.